#car makers

In the ever-evolving automotive industry, car companies continually strive to innovate and introduce new models to meet changing consumer demands. One common practice employed by manufacturers is discontinuing existing car models before launching upgraded variants. This article explores the reasons behind this strategy and whether it is mandatory for car companies to discontinue a model before…

Looks like Big 3 have edge in pro-union #AmericanJobsPlan

#USA #UnitedStates #automarket #Automobiles #ElectricVehicles #ElectricVehicle #EVs #manufacturing #americanjobsact #greenjobs #greeneconomy #unions #infrastructure #InfrastructureWeek #cars #ev #mobility #automotive #innovation #transportation #millennials #millennial #workers #workersrights #unionstrong #unionproud

Hyundai Motor News: Hyundai Motor to launch dedicated EV platform in major push into electric cars | – Times of India

[ad_1]

SEOUL: South Korea’s Hyundai Motor Group said on Wednesday it will introduce an electric vehicle-only platform early next year that will use its own battery technology to cut production time and costs. The plan underscores efforts by the world’s No.5 auto group to become a major player in the global EV market, as car makersaround the world are pouring billions of dollars of investment to…

Car makers revealed for diwali

[ad_1]

Given the strong demand during Deepawali, most car manufacturers reported strong growth in remittances to dealers in October. Market leading company Maruti Suzuki on Sunday said it sold more than 1.63 lakh passenger vehicles in the domestic market in October, up 17.6% from 1.39 lakh vehicles in the month to 2019.

Read also: No GST relief for automobiles

The company said that sales of…

Hyundai Motor plans to invest about 61.1 trillion won ($51.81 billion) between 2020 and 2025, about one-third of the expenditure focused on electric and autonomous vehicles, the company said on Wednesday.

The South Korean carmaker unveiled a "Strategy 2025" roadmap that envisaged annual average spending of 10 trillion won, higher than previous years, and up from a 2018 figure of 6.1 trillion won.

Hyundai will devote about 20 trillion won of the total investment, spread across six years, to future technologies, it added.

It also set an ambitious deadline of 2025 to place itself among the world's top three makers of battery and fuel cell vehicles, with annual sales of 670,000 electric vehicles, including 560,000 battery-based cars.